China’s goal for blue sky Beijing Winter Olympics set to cause ‘supply-side shock’ as factories close

Source: China – South China Morning PostThe Beijing Winter Olympics may weigh on China’s economy as authorities close scores of factories in northern production hubs to cut pollution and ensure blue skies, economists say.“Although the Yangtze River Delta and the Pearl River Delta are not involved, the area that is affected is also a relatively important part of China’s economy, especially in terms of raw material productions,” Lu Ting, chief China economist at Nomura, said at a webinar on Monday.Efforts to reduce smog have been…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy